Defining A Rich Life - Deepstash
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Defining A Rich Life

Defining A Rich Life

  • Most people have never thought about this question, individually and as a partnership
  • People’s feelings on how they are doing financially are highly uncorrelated with their actual financial status
  • Americans love to compare themselves to their neighbours
  • Financial plans are more exciting and successful when you shoot for the moon rather than sacrificing your values and interests right away
  • The more dialed-in your rich life becomes to you, the more incomprehensible it should become to everyone else

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Saving Could Be Worse Than Spending

  • Everyone is taught how to save money but nobody teaches you how to spend money
  • Family history can be very influential on this
  • Many people collect money eternally without having any rewarding goals
  • Would you rather end up at 60 years old with more money or more experie...

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596 reads

Counselling Exercise With Your Partner

Counselling Exercise With Your Partner

We spend our whole life thinking about what we can’t do with our money, so it’s hard to imagine your rich life initially

Step by step process with your partner:

  • On separate pieces of paper, write down your bucket list
  • Share them with each other
  • Pi...

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476 reads

The 100 Dollars Challenge

The 100 Dollars Challenge

In the next 48 hours, spend $100 on something you love. Can not be on kids, family, or charity. On yourself

Challenge is made for people who have trouble spending, designed to create a habit of spending money on things that are valuable to you

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617 reads

Podcast: Key Takeaways

Podcast: Key Takeaways

  • We spend our whole life thinking about what we can’t do with our money, so it’s hard to imagine your rich life initially
  • A rich life is not a number; it’s understanding you and your partner’s values/interests and achieving them without the influence of society

68

891 reads

RAMIT SETHI

It’s a tragedy to live a smaller life than you have to.

RAMIT SETHI

63

746 reads

Weekly Financial Meetings

Weekly Financial Meetings

  • You’re off to a bad start if one person is dragging the other to the meeting
  • Don’t blame, always ask questions to understand the context around spending/saving habits
  • Spend less time looking at fixed expenses (rent, groceries, gas), spend more but still little time on variabl...

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440 reads

CURATED FROM

IDEAS CURATED BY

verra_

"Many people are in the dark when it comes to money, and I'm going to turn on the lights. " ~ Suze Orman

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